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August sees net mortgage borrowing rise by £1bn

August sees net mortgage borrowing rise by £1bn

Data shows that net mortgage borrowing is still above the pre-pandemic average of £4.3bn in the year to February 2020.

Gross lending showed little change last month at £25.4bn, down from £26bn in July.

Mortgage approvals for house purchases increased sharply to 74,300 in August from 63,700 in July.

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August sees net mortgage borrowing rise by £1bn
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August sees net mortgage borrowing rise by £1bn
August sees net mortgage borrowing rise by £1bn
August sees net mortgage borrowing rise by £1bn
August sees net mortgage borrowing rise by £1bn
The voice of the UK mortgage i... The voice of the UK ... | 1 year ago
Data shows that net mortgage borrowing is still above the pre-pandemic average of £4.3bn in the year to February 2020. Gross lending showed little change last month at £25.4bn, down from £26bn in July. Mortgage approvals for house purchases increased sharply to 74,300 in August from 63,700 in July. if ($(window).width()
Data shows that net mortgage borrowing is still above the pre-pandemic average of £4.3bn in the year to February 2020. Gross lending showed little change last month at £25.4bn, down from £26bn in July. Mortgage approvals for house purchases increased sharply to 74,300 in August from 63,700 in July. if ($(window).width()
February sees net mortgage borrowing fall
February sees net mortgage borrowing fall
February sees net mortgage borrowing fall
February sees net mortgage borrowing fall
mortgagefinancegazette mortgagefinancegazet... | 2 years ago
Net mortgage borrowing came to £4.7bn in February, Bank of England (BoE) figures show, down on the £5.9bn recorded in January. Meanwhile, approvals for house purchases fell too, from 73,800 in January to 71,000 in February while the value of these approvals ticked up, from £16.6bn to £16.7bn, respectively. And approvals for remortgages increased, from ... This story continues at February sees net mortgage borrowing fall Or just read more coverage at Mortgage Finance Gazette
Net mortgage borrowing came to £4.7bn in February, Bank of England (BoE) figures show, down on the £5.9bn recorded in January. Meanwhile, approvals for house purchases fell too, from 73,800 in January to 71,000 in February while the value of these approvals ticked up, from £16.6bn to £16.7bn, respectively. And approvals for remortgages increased, from ... This story continues at February sees net mortgage borrowing fall Or just read more coverage at Mortgage Finance Gazette
Net mortgage borrowing plummets in April, shows BoE data
Net mortgage borrowing plummets in April, shows BoE data
Net mortgage borrowing plummets in April, shows BoE data
Net mortgage borrowing plummets in April, shows BoE data
The voice of the UK mortgage i... The voice of the UK ... | 1 year ago
The data shows that in April, net borrowing of mortgage debt dropped from £6.4bn in March to £4.1bn in April. Gross lending rose slightly on the month, however, from £26.2bn in March to £26.5bn in April. Meanwhile, mortgage approvals for house purchases dropped from 69,500 to 66,000 and from a value of £16.8bn to £16.1bn. if ($(window).width()
The data shows that in April, net borrowing of mortgage debt dropped from £6.4bn in March to £4.1bn in April. Gross lending rose slightly on the month, however, from £26.2bn in March to £26.5bn in April. Meanwhile, mortgage approvals for house purchases dropped from 69,500 to 66,000 and from a value of £16.8bn to £16.1bn. if ($(window).width()
United Trust Bank celebrates £1bn of lending
United Trust Bank celebrates £1bn of lending
United Trust Bank celebrates £1bn of lending
United Trust Bank celebrates £1bn of lending
The voice of the UK mortgage i... The voice of the UK ... | 1 year ago
United Trust Bank has passed the £1bn milestone of specialist mortgage lending, following 50% year-on-year growth in new mortgage lending from 2020 to 2021. The total includes first and second charge residential mortgages across the bank’s product range. UTB Mortgages, the bank’s mortgage division, launched in 2015 with a limited range of second charge mortgages. ... This story continues at United Trust Bank celebrates £1bn of lending Or just read more coverage at Mortgage Finance Gazette
United Trust Bank has passed the £1bn milestone of specialist mortgage lending, following 50% year-on-year growth in new mortgage lending from 2020 to 2021. The total includes first and second charge residential mortgages across the bank’s product range. UTB Mortgages, the bank’s mortgage division, launched in 2015 with a limited range of second charge mortgages. ... This story continues at United Trust Bank celebrates £1bn of lending Or just read more coverage at Mortgage Finance Gazette
Dudley Building Society sees mortgage lending jump threefold to £71.1m
Dudley Building Society sees mortgage lending jump threefold to £71.1m
Dudley Building Society sees mortgage lending jump threefold to £71.1m
Dudley Building Society sees mortgage lending jump threefold to £71.1m
The voice of the UK mortgage i... The voice of the UK ... | 1 year ago
It says mortgage advances jumped more than threefold to £71.1m, while total mortgage assets lifted 1.1% to £410.5m compared to a year ago, according to its annual report released today. But Dudley Building Society chief executive Jeremy Wood said in his review in the annual report: “During the early days of the pandemic the board was anxious that a greater effort should be placed on maintaining services for existing rather than acquiring new members. “As...
It says mortgage advances jumped more than threefold to £71.1m, while total mortgage assets lifted 1.1% to £410.5m compared to a year ago, according to its annual report released today. But Dudley Building Society chief executive Jeremy Wood said in his review in the annual report: “During the early days of the pandemic the board was anxious that a greater effort should be placed on maintaining services for existing rather than acquiring new members. “As...
Equitable reports record earnings, sees reverse mortgages soar 262% - Mortgage Rates & Mortgage Brok...
Equitable reports record earnings, sees reverse mortgages soar 262% - Mortgage Rates & Mortgage Brok...
Equitable reports record earnings, sees reverse mortgages soar 262% - Mortgage Rates & Mortgage Brok...
Equitable reports record earnings, sees reverse mortgages soar 262% - Mortgage Rates & Mortgage Brok...
Canadian Mortgage Trends Canadian Mortgage Tr... | 1 year ago
Despite a slowing housing market at the end of the first quarter, Equitable Group posted its best-ever quarter with net income up 27% on strong origination growth. It also expects strong growth to continue into 2022, due to a variety of factors. “…we are not the market, and we do expect our own momentum to continue into our traditionally busy spring and summer months,” said Chief Financial Officer Chadwick Westlake. President and CEO Andrew Moor explained this is partly due […]
Despite a slowing housing market at the end of the first quarter, Equitable Group posted its best-ever quarter with net income up 27% on strong origination growth. It also expects strong growth to continue into 2022, due to a variety of factors. “…we are not the market, and we do expect our own momentum to continue into our traditionally busy spring and summer months,” said Chief Financial Officer Chadwick Westlake. President and CEO Andrew Moor explained this is partly due […]
May sees rise in FTB mortgage searches, says Twenty7Tec
May sees rise in FTB mortgage searches, says Twenty7Tec
May sees rise in FTB mortgage searches, says Twenty7Tec
May sees rise in FTB mortgage searches, says Twenty7Tec
The voice of the UK mortgage i... The voice of the UK ... | 1 year ago
This means that FTB searches stood at 19.4% of mortgage searches in May. However, the firm also says that by the end of that month, 5% of all mortgage products had been taken off the market within the six weeks prior, and it was the first month since November 2021 with fewer than 1,000 95% LTV mortgages to choose from. It was the second month in a row that overall product numbers fell. Twenty7Tec says the choice of products is now 87.5% of pre-pandemic highs ?...
This means that FTB searches stood at 19.4% of mortgage searches in May. However, the firm also says that by the end of that month, 5% of all mortgage products had been taken off the market within the six weeks prior, and it was the first month since November 2021 with fewer than 1,000 95% LTV mortgages to choose from. It was the second month in a row that overall product numbers fell. Twenty7Tec says the choice of products is now 87.5% of pre-pandemic highs ?...
May bump for mortgage borrowing
May bump for mortgage borrowing
May bump for mortgage borrowing
May bump for mortgage borrowing
The voice of the UK mortgage i... The voice of the UK ... | 1 year ago
This, says the BoE, puts the borrowing figure above the pre-pandemic average of £4.3bn in the 12 months to February 2020. Meanwhile, gross lending rose from £21.6bn to £21.8bn from April to May. The same data shows that approvals for house purchases grew, going from 66,100 to 66,200 while the value remained at £6.2bn. if ($(window).width()
This, says the BoE, puts the borrowing figure above the pre-pandemic average of £4.3bn in the 12 months to February 2020. Meanwhile, gross lending rose from £21.6bn to £21.8bn from April to May. The same data shows that approvals for house purchases grew, going from 66,100 to 66,200 while the value remained at £6.2bn. if ($(window).width()
Pepper Money second charge mortgage book tops £1bn
Pepper Money second charge mortgage book tops £1bn
Pepper Money second charge mortgage book tops £1bn
Pepper Money second charge mortgage book tops £1bn
The voice of the UK mortgage i... The voice of the UK ... | 1 year ago
Pepper Money says the value of its second charge mortgage book has topped £1bn. The specialist lender says the milestone comes after the business has closed five securitisations under the Castell securitisation platform and originated more than £1.8bn of second charge mortgages in total, with £800m worth of loans having already been redeemed. Pepper Money ... This story continues at Pepper Money second charge mortgage book tops £1bn Or just read more coverage at Mortgage Finance Gazette
Pepper Money says the value of its second charge mortgage book has topped £1bn. The specialist lender says the milestone comes after the business has closed five securitisations under the Castell securitisation platform and originated more than £1.8bn of second charge mortgages in total, with £800m worth of loans having already been redeemed. Pepper Money ... This story continues at Pepper Money second charge mortgage book tops £1bn Or just read more coverage at Mortgage Finance Gazette
Homepoint Cuts Lending Capacity By $925M
Homepoint Cuts Lending Capacity By $925M
Homepoint Cuts Lending Capacity By $925M
Homepoint Cuts Lending Capacity By $925M
nationalmortgageprofessional nationalmortgageprof... | 1 year ago
Joins loanDepot in reducing capacity by around $1billion.
Joins loanDepot in reducing capacity by around $1billion.